 "Hindustan Unilever rebounds post Q4 results")
Hindustan Unilever has moved higher by 5% to Rs 907 on the NSE after reporting an underlying volume growth of 6% during the quarter ended March 2015 (Q4). The fast moving consumer goods (FMCG) major had reported volume growth of 3% in the year-ago quarter and in the previous quarter.
The domestic consumer business grew by 9%, with 6% underlying volume growth, both ahead of the market, Hindustan Unilever said in a press release.
During the quarter, net sales grew 9% at Rs 7,555 crore against Rs 6,936 crore in the corresponding quarter of the previous fiscal. Net profit at Rs 1,018 crore, was up 17%, aided by the exceptional income of Rs 183 crore arising from the sale of properties/subsidiary, it added.
The input costs were benign and this is reflected in the 310 basis points (bps) reduction in cost of goods sold. EBITDA or operating profit margins improved nearly 200 bps to 16.5% from 14.6%.
The company said the margin for the quarter includes a one-time credit of Rs 71.5 crore towards a favorable outcome for a contested matter of excise duty.
The stock opened at Rs 876 and touched a low of Rs 855 on the NSE before announcements of Q4 results. A combined 4.74 million shares changed hands on the counter on the NSE and BSE.
At 1452 hours, the stock was up 4% at Rs 900 on the NSE.
The domestic consumer business grew by 9%, with 6% underlying volume growth, both ahead of the market, Hindustan Unilever said in a press release.
During the quarter, net sales grew 9% at Rs 7,555 crore against Rs 6,936 crore in the corresponding quarter of the previous fiscal. Net profit at Rs 1,018 crore, was up 17%, aided by the exceptional income of Rs 183 crore arising from the sale of properties/subsidiary, it added.
The input costs were benign and this is reflected in the 310 basis points (bps) reduction in cost of goods sold. EBITDA or operating profit margins improved nearly 200 bps to 16.5% from 14.6%.
The company said the margin for the quarter includes a one-time credit of Rs 71.5 crore towards a favorable outcome for a contested matter of excise duty.
The stock opened at Rs 876 and touched a low of Rs 855 on the NSE before announcements of Q4 results. A combined 4.74 million shares changed hands on the counter on the NSE and BSE.
At 1452 hours, the stock was up 4% at Rs 900 on the NSE.
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